Identity area
Type of entity
Corporate body
Authorized form of name
Loan Board
Parallel form(s) of name
Standardized form(s) of name according to other rules
Other form(s) of name
Identifiers for corporate bodies
Description area
Dates of existence
1824-1947
History
The Loan Board was established in 1824, following an Order of the Supreme Court, dated 16.7.1824. The Loan Board was to lend on Interest Monies belonging to Suitors. Intestate and also that of the Weeskamer (Orphan) Funds administered by the Supreme Court. This Order initially applied only to the Supreme Court but subsequently extended to District Courts by Regulation No. 17 of 1833. The Government Agents of each Province were required to transmit monthly any balance of monies held by them to the General Treasury to the credit of the District Courts within their Provinces.
Ordinance No.4 of 1865 changed the constitution of the Loan Board by granting superintend powers and emboss of the Supreme Court over the Loan Board activities. Three Commissioners and a Secretary were appointed to administer the functions of the Board.
The Funds of the Weeskamer and Boedelkamer were kept in separate Accounts and their interest was paid to the Government. Management expenses were met by one third of the interest accruing from other funds. Various additions amendments and repeals were done by regulations Nos. 9 of 1824, 10 of 1926, 43 of 1942, 31 of 1947, Act Nos 2 of 1950. and 5 of 1952 made various addictions, amendments and repeals to Regulations Nos 17 of 1833 and 4 of 1865. Finally, Chapter 400 of the Legislative enactment (Revised in 1956) made provision for the Constitution and management or the Loan Board. The function of the Loan Board remained as they were in 1865
Ordinance No.4 of 1865 changed the constitution of the Loan Board by granting superintend powers and emboss of the Supreme Court over the Loan Board activities. Three Commissioners and a Secretary were appointed to administer the functions of the Board.
The Funds of the Weeskamer and Boedelkamer were kept in separate Accounts and their interest was paid to the Government. Management expenses were met by one third of the interest accruing from other funds. Various additions amendments and repeals were done by regulations Nos. 9 of 1824, 10 of 1926, 43 of 1942, 31 of 1947, Act Nos 2 of 1950. and 5 of 1952 made various addictions, amendments and repeals to Regulations Nos 17 of 1833 and 4 of 1865. Finally, Chapter 400 of the Legislative enactment (Revised in 1956) made provision for the Constitution and management or the Loan Board. The function of the Loan Board remained as they were in 1865
Places
Legal status
Functions, occupations and activities
Mandates/sources of authority
Internal structures/genealogy
General context
Relationships area
Control area
Description identifier
LK-NA/LB
Institution identifier
LK-NA
Rules and/or conventions used
ISAAR
Status
Final
Level of detail
Minimal
Dates of creation, revision and deletion
Language(s)
- English
Script(s)
- Latin